Cookson Peirce & Co. Inc. Buys New Position in Revolve Group, Inc. (NYSE:RVLV)

Cookson Peirce & Co. Inc. bought a new stake in shares of Revolve Group, Inc. (NYSE:RVLV) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,770 shares of the company’s stock, valued at approximately $595,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its position in Revolve Group by 249.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,126 shares of the company’s stock valued at $28,000 after buying an additional 804 shares in the last quarter. Navellier & Associates Inc. increased its position in Revolve Group by 4.1% during the 4th quarter. Navellier & Associates Inc. now owns 25,711 shares of the company’s stock valued at $861,000 after buying an additional 1,008 shares in the last quarter. Venturi Wealth Management LLC increased its position in Revolve Group by 1,302.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,346 shares of the company’s stock valued at $45,000 after buying an additional 1,250 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in Revolve Group during the 4th quarter valued at about $50,000. Finally, Franklin Resources Inc. grew its stake in Revolve Group by 6.9% during the 3rd quarter. Franklin Resources Inc. now owns 27,195 shares of the company’s stock valued at $699,000 after purchasing an additional 1,753 shares during the last quarter. 67.60% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on RVLV. Barclays boosted their price target on Revolve Group from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 26th. KeyCorp upgraded Revolve Group from a “sector weight” rating to an “overweight” rating and set a $37.00 price target on the stock in a research note on Thursday, January 23rd. BTIG Research boosted their price target on Revolve Group from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Stifel Nicolaus dropped their price target on Revolve Group from $41.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group boosted their price target on Revolve Group from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $30.57.

Revolve Group Stock Up 0.6 %

Shares of RVLV opened at $24.33 on Thursday. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 43.44, a PEG ratio of 1.48 and a beta of 2.25. The stock’s 50-day moving average price is $30.28 and its 200-day moving average price is $29.15. Revolve Group, Inc. has a 52 week low of $14.87 and a 52 week high of $39.58.

Insiders Place Their Bets

In other Revolve Group news, CEO Michael Karanikolas sold 12,566 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $25.94, for a total transaction of $325,962.04. Following the transaction, the chief executive officer now owns 123,000 shares in the company, valued at approximately $3,190,620. This represents a 9.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael Mente sold 76,835 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $34.14, for a total value of $2,623,146.90. Following the transaction, the chief executive officer now owns 73,000 shares in the company, valued at $2,492,220. This represents a 51.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 511,649 shares of company stock worth $16,027,128. 46.56% of the stock is owned by corporate insiders.

Revolve Group Profile

Revolve Group, Inc operates as an online fashion retailer for millennial and generation z consumers in the United States and internationally. The company operates in two segments, REVOLVE and FWRD. It operates a platform that connects consumers and global fashion influencers, as well as emerging, established, and owned brands.